Topic of Interest: #CPF (290 Articles Found)

Filter
  • Filter Articles By

  • Date Range

  • Categories

    • Select Category

  • Articles

    • Select Type of Articles

  • Authors

    • Select Author

Should you choose the HDB’s Optional Component Scheme (OCS) when you buy a BTO flat?

The process of buying our BTO (or any home) is strewn with a lot of decisions that we have to carefully consider. In this article, we will cover just one of the decisions – whether we should choose…

HDB Contra Facility and Enhanced Contra Facility: How you can use it to buy your second HDB flat

While we spend a lot of time talking (and writing) about how to buy your first home, the discussion on how to buy your second home is more muted. There is a multitude of reasons why your first…

Close to S$500 million in housing grants disbursed to 15,600 first-time home buyers since Sept 2019

Close to S$500 million have been disbursed in the form of housing grants to about 15,600 first-time home buyers since EHG was introduced in Sept 2019, HDB said on Sun. Under the scheme, families buying their first home…

Why you should not be rushing to pay back your housing loan using your CPF savings

Recently, the achievement of a young couple in their mid-30s had managed to pay off the housing purchase of their Bishan flat in 2 years was lauded on social media. The couple earning an ordinary income had accumulated…

Why you should use your CPF to pay for your property and mortgage

There are many misconceptions around the use of CPF for deposits and mortgage payments. In this article, we will explain why many arguments against using CPF for mortgage are incomplete, what is CPF accrued interest and why the…

Pros and cons of using CPF or cash to pay for your home loan

1) Pro of using CPF: More cash in your pocket for other expenses – Being able to use the 20% CPF contribution from your salary for housing repayment means that you still have 80% of your salary for…

5 reasons you should still choose an HDB home loan over a bank home loan (even though HDB interest rates are higher)

1) Forking out a more affordable downpayment – When taking an HDB home loan, our LTV limit is 90%. On the other hand, the LTV limit for a bank loan is 75%; 2) Being able to pay our…

My love-hate relationship with CPF

I became a Singapore PR under the AIP scheme the year I relocated to Singapore in 1998. My Singapore citizenship was approved four years later. CPF was something new to me. Initially, I was not comfortable with it.…

The underrated advantage of paying your home loan in cash

1) You avoid the risk of negative cash sales – When you sell your property, you’re required to refund any monies used from your CPF. At the end of the day, you may not have enough cash left…

5 things you need to know before buying an older HDB flat with a lease of less than 50 years

1) You may not be able to use as much CPF as for a newer flat – Unless the remaining lease can cover the youngest buyer until the age of 95 and a prorated amount if the remaining…

4 common misconceptions about CPF housing grants that we need to understand correctly

1) Housing grants reduce the selling price of your HDB flat directly – While it’s true that housing grants will reduce your cost of owning an HDB flat, it’s important to understand it’s not a direct discount off…

Review Silver Support criteria for five-room flat owners

In 2016, the Government introduced the Silver Support Scheme to help Singaporeans aged 65 and above living in public housing. However, I do not qualify for the benefits of the scheme because I own a five-room HDB flat,…

HDB loans provide stability, certaint

We thank Mr Lim Howe Foong for his feedback (Review policy of pegging HDB housing loan interest rate to CPF rate, July 22). HDB obtains its mortgage loan funding from the Government at CPF OA interest rate. The…

Review policy of pegging HDB housing loan interest rate to CPF rate175634

HDB should review its policy of pegging the HDB housing loan interest rate at 0.1 percentage point above the CPF OA interest rate. Going forward, with the slowdown in global growth due to the Covid-19 pandemic, interest rates…

Singapore homeowners: Here are your options for lowering your cash outlay for monthly mortgage repayments

1) Tap on special covid-19 loan repayment concessions – For homeowners with a bank mortgage and want to avail themselves to these concessions, they can approach their bank to defer either the principal payment or both principal and…

Cutting down the use of CPF for properties

If you have regular income but find that the balance in your CPF OA is still low, it could be a sign that you have used too much of it to pay for your home. Almost every member…

Cutting down the use of CPF for properties

Is it tough to service your mortgage entirely with cash? Not when you know why you are doing so and that you have planned for it. Like many property owners, when Mrs J.S. Yee and her husband bought…

The 99.co housing manifesto for Singapore (Part 1 – HDB flats)

1) Keep the EIP for now, but enact remedies for minority owners unable to sell flats at equitable pricing. What we propose is for the government to start looking at possible a rebate for minority sellers who sell…

CPF, HDB, IRAS to resume operations at service counters from Jun 2, by appointment only

Selected government service centres will resume operations from Jun 2, but by appointment only, as Singapore exits the COVID-19 “circuit breaker” period. These include the five CPF service centres, service counters at HDB Hub and HDB branches, as…

Negative Sale: How selling your HDB/condo can put you in debt instantly

1) Outstanding home loan amount after interest – Your home loan is subject to compounding interest. If your sale price can’t beat the amount still outstanding at the time of your sale, then, you’ve made a negative sale;…

These millennials bought a house, then COVID-19 hit. How are they coping?

It’s a process every Singaporean knows by heart: meet someone, date for a few years, apply for a flat, save up, get married, move in, settle down, and gradually pay off the mortgage. Jokes about will-you-BTO-with-me marriage proposals…

CPF service centre in Bishan closes temporarily due to COVID-19 case

CPF’s Bishan service centre has been temporarily closed for disinfection, CPF Board said on Mon. It was informed on Sun night that a CPF member who visited the centre on Mar 23 at around noon had tested positive…

Is it wrong to peg HDB Home Loan Rate to CPF Interest Rate?

If there’s one thing Singaporeans don’t complain enough about paying more money for, it’s the interest for their CPF-pegged HDB mortgage. Most first-time homeowners, especially BTO applicants, choose to take the HDB Concessionary Loan over bank loans, despite…

Wise to pay in cash for a property instead of using a loan or CPF?

After agonising for more than two years and enduring more than 15 viewings, I finally sold my 43-year-old, five-room family flat in Dover last Oct and bought a four-room flat in Tiong Bahru with 95 years left on…

4,500 families set up homes with parents or children under HDB scheme to get families to live closer

In the past four years, around 4,500 families and singles set up homes in the same HDB block, or even the same flat, as their parents or children. They were among 30,100 first-timers who applied for the PHG,…

My complete BTO experience: From balloting to renovation regrets

It has been a month since I moved into my first property: a four-room BTO flat that I had balloted for two years earlier. I figured other young couples can learn a thing or two from our experience.…

Property investment versus CPF: Which is better?

First, let’s look at a typical condo over the past 15 years – our example, the price of a three-room unit at The Raintree. This is a leasehold, medium-sized development in Bukit Timah received its TOP in 2008.…

Retirement savings may best real estate returns in Singapore

In property-crazed Singapore, owning real estate isn’t always the high-yielding investment you might think. The rate of return for private apartments in the city-state has slipped since 2011, when measures to cool the market were introduced by the…

What happens to your CPF grant monies when you sell your house?

As Singaporeans, we are all appreciative of the substantial grants we receive when we buy an HDB flat. All of these grants are disbursed by HDB, into the CPF OAs of eligible homebuyers, in order to offset the…

Second HDB concessionary housing loan, do you qualify?

For those seeking a second HDB concessionary housing loan, their loan quantum will be right-sized by utilising the CPF monies refunded and some of the cash proceeds obtained from the disposal of the previous HDB flat. If you…

Sign In to Bookmark This Story

Sign In with Google